Over the past decade, Germany's primary solid biofuels energy supply has demonstrated fluctuating trends. Post-2013, the supply initially declined but showed resilience with a notable increase starting in 2021. By 2023, the energy supply stood at 14.63 million tonnes of oil equivalent, signifying a strong year-on-year growth rate of 3% and a consistent upward trend.
Recent year-on-year variations indicate a solid recovery, with 2022 and 2023 showing increases of 1.11% and 3%, respectively. The five-year compound annual growth rate (CAGR) leading up to 2023 is measured at approximately 2.77%, signifying moderate annual growth.
Looking forward, forecasts for the period from 2024 to 2028 predict a continued increase in the supply, with a five-year CAGR of about 1.94%, culminating in a total growth of 10.08% by 2028.
Key future trends to watch include advancements in biomass technology, government policies favoring renewable energy, and potential market shifts due to environmental regulations. These factors could significantly impact the dynamics of Germany’s solid biofuels market.
